Civic Intelligence

Whitehall Credit Union

990 • Fiscal year 2016 • EIN 31-0628671

Jan 01, 2016 to Dec 31, 2016 • Filed on May 09, 2017

5025 East Main StreetColumbus, OH 43213

(614) 866-5025

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.89x

Higher debt load relative to assets than 69% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

25.26x

Higher debt load relative to revenue than 73% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Net Margin

11th percentile

-6.0%

Higher net margin than 11% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

98th percentile

$159,602

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 25.1% of source-year revenue.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Asset Growth

30th percentile

-0.4%

Faster asset growth than 30% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

20th percentile

-2.5%

Faster revenue growth than 20% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$18,016,607

Down $65,887 (-0.4%) from 2015

Net Assets

Down

$1,962,899

Down $38,229 (-1.9%) from 2015

Liabilities

Down

$16,053,708

Down $27,658 (-0.2%) from 2015

Revenue

Down

$635,414

Down $16,481 (-2.5%) from 2015

Expenses

Down

$673,643

Down $39,584 (-5.5%) from 2015

Net Income

Up

-$38,229

Up $23,103 (+38%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $17,080,982Liabilities 2010: $14,763,718Net Assets 2010: $2,317,2642010Assets 2011: $17,264,388Liabilities 2011: $14,990,347Net Assets 2011: $2,274,0412011Assets 2012: $17,663,470Liabilities 2012: $15,391,266Net Assets 2012: $2,272,2042012Assets 2013: $17,642,132Liabilities 2013: $15,419,622Net Assets 2013: $2,222,5102013Assets 2014: $17,958,163Liabilities 2014: $15,895,703Net Assets 2014: $2,062,4602014Assets 2015: $18,082,494Liabilities 2015: $16,081,366Net Assets 2015: $2,001,1282015Assets 2016: $18,016,607Liabilities 2016: $16,053,708Net Assets 2016: $1,962,8992016Assets 2017: $18,294,357Liabilities 2017: $16,328,787Net Assets 2017: $1,965,5702017Assets 2018: $18,683,515Liabilities 2018: $16,688,606Net Assets 2018: $1,994,9092018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2016

Assets$18,016,607
Liabilities$16,053,708
Net Assets$1,962,899

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $879,2522010Expenses 2011: $777,7602011Expenses 2012: $707,6032012Revenue 2013: $666,607Expenses 2013: $716,301Net Income 2013: -$49,6942013Revenue 2014: $655,473Expenses 2014: $815,523Net Income 2014: -$160,0502014Revenue 2015: $651,895Expenses 2015: $713,227Net Income 2015: -$61,3322015Revenue 2016: $635,414Expenses 2016: $673,643Net Income 2016: -$38,2292016Revenue 2017: $662,990Expenses 2017: $660,319Net Income 2017: $2,6712017Revenue 2018: $699,901Expenses 2018: $670,562Net Income 2018: $29,3392018Revenue 2019: $521,196Expenses 2019: $802,211Net Income 2019: -$281,0152019

Highlighted filing

2016

Revenue$635,414
Expenses$673,643
Net Income-$38,229
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 9, 2017
Return Version
2016v3.0
Gross Receipts
$642,563
Mission and Program Overview

Mission

As a member owned cooperative, we will be responsive to the financial needs of our members, we will offer fiscally sound, high quality, consumer related financial products and services in an honest and friendly manner, providing our members the opportunity to lead secure lifestyles.

Whitehall Credit Union is a financial institution cooperative organized to provide loan and deposit products and services to the member owners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$8,986,631$8,829,631▼ $157,000
Other Notes and Loans Receivable, Net$7,629,263$7,905,180▲ $275,917
Rtn Earn Endowment Incm Other Fnds$2,001,128$1,962,899▼ $38,229
Land, Buildings, and Equipment, Net$551,490$533,981▼ $17,509
Savings and Temporary Cash Investments$491,152$255,322▼ $235,830
Cash and Non-Interest-Bearing Accounts$122,463$118,222▼ $4,241
Prepaid Expenses and Deferred Charges$60,768$80,171▲ $19,403
Accounts Receivable$534$4,295▲ $3,761
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$18,082,494$18,016,607▼ $65,887
Other Assets Total$240,193$289,805▲ $49,612
Liabilities
Other Liabilities$15,973,410$15,889,370▼ $84,040
Accounts Payable and Accrued Expenses$57,356$104,113▲ $46,757
Mortgage Notes Payable Secured by Investment Property$50,600$60,225▲ $9,625
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$16,081,366$16,053,708▼ $27,658
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,001,128$1,962,899▼ $38,229
Total Liabilities and Net Assets / Fund Balance$18,082,494$18,016,607▼ $65,887

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$279,738$242,506$522,244
Equipment$21,875$342,014$363,889
Land$232,368-$232,368
Investment Program Related Org$156,631--
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffrey GardnerChief Executive OfficerFT$121,102$38,516$159,618

Board Members and Trustees

NameTitle
Bob EakinChairman of the Board
Don LutzVice Chairman of Board
Doris CoyDirector
Jim PaceDirector
Tracy SharplessDirector
Bryan WeisbarthSecretary of Board
Gary KubatTreasurer of Board
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$511,917
Investment Income
$122,189
Other Revenue
$1,308
Change in Net Assets
$-38,229
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$387,432
Salaries, Compensation, and Employee Benefits$286,211
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$3,028$118,074$0$121,102
Other Salaries and Wages$87,904$0$0$87,904
Other Employee Benefits$28,523$23,310$0$51,833
Fees for Services Other$0$40,789$0$40,789
Information Technology$34,911$0$0$34,911
Occupancy$27,218$3,608$0$30,826
Office Expenses$29,588$0$0$29,588
Interest$26,310$0$0$26,310
Depreciation Depletion$19,057$1,306$0$20,363
Payroll Taxes$8,053$8,951$0$17,004
Insurance$12,970$0$0$12,970
Fees for Services Management$0$9,175$0$9,175
Advertising$8,428$0$0$8,428
Pension Plan Contributions$3,487$4,881$0$8,368
Other Expenses$0$4,628$0$4,628
Conferences and Meetings$2,609$1,755$0$4,364
All Other Expenses$2,635$0$0$2,635
Total Functional Expenses$457,166$216,477$0$673,643
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Members share savings$9,893,372
Members draft checking$3,668,396
Members share certificates$1,620,296
Members IRA certificates$610,452
Members IRA savings$96,854
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

All credit unions by charter are member owned.

Form 990, Part VI, Section A, Line 7A

All of the governing body is elected by the membership.

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by management and the Board of Directors prior to submission.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is reviewed by the employees and the Board of Directors annually.

Form 990, Part VI, Section B, Line 15

Compensation of key employees is approved by the Board of Directors. Independent compensation surveys are utilized as a tool in setting compensation levels.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Whitehall Credit Union
EIN
31-0628671
Phone
6148665025
Address
5025 East Main Street, Columbus, OH 43213

Signing Officer

Name
Jeffrey Gardner
Title
Chief Executive Officer
Phone
6148665025
Signed
2017-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Gardner
Formed
1978
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
7

Preparer

Firm
Schmidt & Associates
Address
P O Box 2588, Columbus, OH 43216
Preparer
Melissa Schmidt
Phone
6145291640
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt08986631
IRS990/InvestmentsProgramRelatedGrp/EOYAmt08829631
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt0307
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0584520
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0551490
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0533981
IRS990/LandBldgEquipCostOrOtherBssAmt01118501
IRS990/LegalDomicileStateCd0OH
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt07149
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0As a member owned cooperative, we will be responsive to the financial needs of our members, we will offer fiscally sound, high quality, consumer related financial products and services in an honest and friendly manner, providing our members the opportunity to lead secure lifestyles.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt050600
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt060225
IRS990/NetAssetsOrFundBalancesBOYAmt02001128
IRS990/NetAssetsOrFundBalancesEOYAmt01962899
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01308
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt01308
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03608
IRS990/OccupancyGrp/ProgramServicesAmt027218
IRS990/OccupancyGrp/TotalAmt030826
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt029588
IRS990/OfficeExpensesGrp/TotalAmt029588
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0240193
IRS990/OtherAssetsTotalGrp/EOYAmt0289805
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt023310
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt028523
IRS990/OtherEmployeeBenefitsGrp/TotalAmt051833
IRS990/OtherExpensesGrp/Desc0Loan servicing (credit card, collection)
IRS990/OtherExpensesGrp/Desc1Share servicing (ATM, debit, draft)
IRS990/OtherExpensesGrp/Desc2Regulators
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24628
IRS990/OtherExpensesGrp/ProgramServicesAmt079626
IRS990/OtherExpensesGrp/ProgramServicesAmt182819
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/TotalAmt079626
IRS990/OtherExpensesGrp/TotalAmt182819
IRS990/OtherExpensesGrp/TotalAmt24628
IRS990/OtherLiabilitiesGrp/BOYAmt015973410
IRS990/OtherLiabilitiesGrp/EOYAmt015889370
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt087904
IRS990/OtherSalariesAndWagesGrp/TotalAmt087904
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt07629263
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt07905180
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08951
IRS990/PayrollTaxesGrp/ProgramServicesAmt08053
IRS990/PayrollTaxesGrp/TotalAmt017004
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04881
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03487
IRS990/PensionPlanContributionsGrp/TotalAmt08368
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt060768
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt080171
IRS990/PrincipalOfficerNm0Jeffrey Gardner
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/Desc0Interest on loans to members
IRS990/ProgramServiceRevenueGrp/Desc1Fees to members
IRS990/ProgramServiceRevenueGrp/Desc2ATM surcharges to nonmembers
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0375193
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1134387
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0375193
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1134387
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22337
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt22337
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0115678
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0438854
IRS990/PYOtherRevenueAmt0-3030
IRS990/PYProgramServiceRevenueAmt0539247
IRS990/PYRevenuesLessExpensesAmt0-61332
IRS990/PYSalariesCompEmpBnftPaidAmt0274373
IRS990/PYTotalExpensesAmt0713227
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0651895
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-38229
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt01308
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0631769
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00

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